MAGS vs. QQQU

Last updated Jun 5, 2026

MAGS (Roundhill Magnificent Seven ETF) and QQQU (Direxion Daily Magnificent 7 Bull 2X Shares) are both exchange-traded funds - MAGS is a Technology Equities fund actively managed by Roundhill, while QQQU is a Leveraged Equities fund tracking the The Indxx Magnificent 7 Index (200%). MAGS is actively managed, while QQQU is passively managed. Over the past year, MAGS returned 32.45% vs 62.95% for QQQU. With a 0.99 correlation, they move nearly in lockstep. MAGS charges 0.29%/yr vs 1.07%/yr for QQQU.

Performance

MAGS vs. QQQU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill Magnificent Seven ETF (MAGS) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MAGS achieves a 4.79% return, which is significantly lower than QQQU's 6.21% return.

MAGS

• 1D: 1.02%
• 1M: 3.00%
• YTD: 4.79%
• 6M: 4.17%
• 1Y: 32.45%
• 3Y*: 34.19%
• 5Y*: —
• 10Y*: —

QQQU

• 1D: 2.17%
• 1M: 5.86%
• YTD: 6.21%
• 6M: 4.73%
• 1Y: 62.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MAGS vs. QQQU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
MAGS Roundhill Magnificent Seven ETF	4.79%	22.99%	41.00%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	6.21%	32.87%	81.85%

Correlation

The correlation between MAGS and QQQU is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.99
Correlation (All Time) Calculated using the full available price history since Mar 8, 2024	0.99

The correlation between MAGS and QQQU has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.

MAGS vs. QQQU - Sectors Allocation Comparison

Sectors	MAGS	QQQU
Technology	15.3%	15.8%
Consumer Cyclical	10.5%	10.7%
Communication Services	9.3%	10.3%
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

MAGS vs. QQQU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MAGS

MAGS Risk / Return Rank: 42
MAGS Sharpe Ratio Rank: 47
MAGS Sortino Ratio Rank: 45
MAGS Omega Ratio Rank: 44
MAGS Calmar Ratio Rank: 36
MAGS Martin Ratio Rank: 39

QQQU

QQQU Risk / Return Rank: 40
QQQU Sharpe Ratio Rank: 46
QQQU Sortino Ratio Rank: 42
QQQU Omega Ratio Rank: 41
QQQU Calmar Ratio Rank: 36
QQQU Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MAGS vs. QQQU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill Magnificent Seven ETF (MAGS) and Direxion Daily Magnificent 7 Bull 2X Shares (QQQU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MAGS	QQQU	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.59	+0.04
Sortino ratio: Return per unit of downside risk	2.22	2.10	+0.12
Omega ratio: Gain probability vs. loss probability	1.28	1.26	+0.01
Calmar ratio: Return relative to maximum drawdown	1.75	1.74	+0.01
Martin ratio: Return relative to average drawdown	6.06	5.44	+0.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MAGS vs. QQQU - Sharpe Ratio Comparison

The current MAGS Sharpe Ratio is 1.62, which is comparable to the QQQU Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of MAGS and QQQU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MAGS	QQQU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.59	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	1.56	0.99	+0.57

Drawdowns

MAGS vs. QQQU - Drawdown Comparison

The maximum MAGS drawdown since its inception was -29.91%, smaller than the maximum QQQU drawdown of -53.70%. Use the drawdown chart below to compare losses from any high point for MAGS and QQQU.

Drawdown Indicators

	MAGS	QQQU	Difference
Max Drawdown Largest peak-to-trough decline	-29.91%	-53.70%	+23.79%
Max Drawdown (1Y) Largest decline over 1 year	-18.62%	-36.29%	+17.67%
Max Drawdown (3Y) Largest decline over 3 years	-29.91%	—	—
Current Drawdown Current decline from peak	-2.57%	-5.13%	+2.56%
Average Drawdown Average peak-to-trough decline	-4.70%	-13.33%	+8.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.37%	11.62%	-6.25%

Volatility

MAGS vs. QQQU - Volatility Comparison

The current volatility for Roundhill Magnificent Seven ETF (MAGS) is 4.89%, while Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) has a volatility of 9.51%. This indicates that MAGS experiences smaller price fluctuations and is considered to be less risky than QQQU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MAGS	QQQU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.89%	9.51%	-4.62%
Volatility (6M) Calculated over the trailing 6-month period	14.34%	28.27%	-13.93%
Volatility (1Y) Calculated over the trailing 1-year period	20.10%	39.92%	-19.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.93%	52.96%	-27.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.93%	52.96%	-27.03%

MAGS vs. QQQU - Expense Ratio Comparison

MAGS has a 0.29% expense ratio, which is lower than QQQU's 1.07% expense ratio.

Dividends

MAGS vs. QQQU - Dividend Comparison

MAGS's dividend yield for the trailing twelve months is around 1.41%, less than QQQU's 9.03% yield.

Position	TTM	2025	2024	2023
MAGS Roundhill Magnificent Seven ETF	1.41%	1.48%	0.81%	0.44%
QQQU Direxion Daily Magnificent 7 Bull 2X Shares	9.03%	9.62%	2.75%	0.00%

Frequently Asked Questions

Can I hold both MAGS and QQQU in my portfolio?

With a correlation of 0.99, MAGS and QQQU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MAGS or QQQU?

QQQU has higher volatility (9.51%) compared to MAGS (4.89%). In terms of maximum drawdown, MAGS dropped -29.91% vs QQQU's -53.70%.

Which ETF is better, MAGS or QQQU?

On 1-year performance, QQQU leads with 62.95% vs 32.45% for MAGS. On fees, MAGS is cheaper at 0.29% per year. On volatility, MAGS has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MAGS or QQQU?

Over the 1-year period, QQQU has performed better with a 62.95% return vs 32.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MAGS or QQQU?

MAGS is cheaper with a 0.29% expense ratio, compared with 1.07% for QQQU.

Which ETF pays a higher dividend yield, MAGS or QQQU?

QQQU has the higher dividend yield at 9.03%, compared with 1.41% for MAGS.

What is the main difference between MAGS and QQQU?

MAGS is categorized as Technology Equities, while QQQU is Leveraged Equities. They also come from different issuers: Roundhill and Direxion. Their fees differ too: 0.29% for MAGS and 1.07% for QQQU.

Which has better risk-adjusted returns?

MAGS currently has the higher Sharpe Ratio (1.62 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.